May 23, 2016
The CNP Expo opened its doors today to the largest number of merchant attendees in its five-year history. The October 2015 shift in liability for in-store fraud from issuers to merchants that are not equipped to accept EMV-compliant chip cards could have massive ramifications for e-commerce and has sent merchants flocking to Orlando to compare notes with their peers on what has happened since. Twenty-five percent more merchants are attending the CNP Expo this year than last year, according to Steve Casco, founder of CardNotPresent.com and the CNP Expo.
“The EMV migration in the U.S. is the biggest single change in the payments world in decades and will have significant and lasting impact on card-not-present fraud, declines, subscription billing and more,” said Casco. “The concern CNP merchants have about these unsettled issues is reflected in this year’s CNP Expo. They are here in force to learn the best ways of dealing with these problems from each other and to evaluate the best technology solutions from global providers.”
Today’s schedule includes two closed-to-the-media pre-conference sessions and the first issue of the CNP Expo Download, the official source for CNP Expo news. Starting tomorrow, a full agenda of sessions begins, highlighted by panels on cross-border e-commerce, friendly fraud chargebacks, account takeover fraud and the CNP consequences of the EMV migration in the U.S.
This afternoon, the popular pre-conference, half-day Boot Camp and Grad School sessions return. While the Boot Camp provides foundational knowledge, said Casco, the Grad School session provides a more focused look at payments and fraud trends affecting the card-not-present space.
Reporting on it all, The CNP Expo Download, which replaces the CNP Report this week, will have up-to-the-minute daily coverage of the companies, people, news announcements, exhibit-hall demos and events taking place over the next four days. The CNP Report will return in its regularly scheduled Monday-Thursday format next week.